Mahindra Tractors registers 8% increase in domestic sales in May 2011

Top Quote Total Sales (domestic + exports) register 9% increase at 18892 units. End Quote
  • (1888PressRelease) June 03, 2011 - Mumbai - Mahindra & Mahindra's Farm Equipment Sector (FES), a part of the U.S. $11.1 billion Mahindra Group, maintained its leadership position in the tractor industry in May 2011.

    Domestic sales in May 2011 stood at 17952 units, as against 16608 units for the same period last year, an increase of 8%.

    Total tractor sales (domestic + exports) in May 2011 stood at 18892 units, as against 17256 units for the same period last year, an increase of 9%.

    Exports for the month stood at 940 units, as against 648 units for the same period last year, an increase of 45%.

    About The Mahindra Group

    The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, and information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.

    A US $11.1 billion multinational group based in Mumbai, India, Mahindra employs more than 117,000 people in over 100 countries.

    In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

    Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP).

    In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company.

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